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| Doug Fisher |
CHICAGO, IL, June
19, 2014 - Essex Realty Group, Inc. is pleased to announce the sale of 1331
W. Loyola, a 46-unit apartment complex located in Chicago, Illinois.
The building is situated one block west of Loyola University
and benefits from a consistent flow of students seeking unaffiliated off-campus
rental housing.
In addition, the property is within walking distance of the
CTA Red Line (Loyola station) at the intersection of Sheridan Road and Loyola
Avenue, as well as several CTA bus stops along Sheridan Road and Devon Avenue.
The property
contains a mix of well-maintained studios, junior one-bedroom and one-bedroom
apartments with updated bathrooms and kitchens and hardwood floors
throughout.
Recent capital improvements include new windows, electrical
service and exterior porches. The property also benefits from a reduced
property tax bill through Cook County’s Class 9 tax designation.
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| Jason Fishleder |
Doug Fisher
and Jason Fishleder represented the seller and Doug Fisher represented
the buyer in the transaction. The sale price was approximately $3,575,000.
Essex Realty Group,
Inc. specializes in the sale of investment real estate throughout the Chicago
metropolitan area.
For a complete copy of the company’s news release, please
contact:
Douglas Fisher
Essex Realty Group, Inc.
Phone: 773.305.4910
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